Vietnam emerges as alternative destination for foreign manufacturers

VietNamNet Bridge – Analysts say they can see opportunities for Vietnam in the US-China trade war. Signs show that Asian manufacturers are relocating their production bases to Vietnam. Many foreign investors plan to relocate their production bases to Vietnam The HCMC Securities Company (HSC), in its latest report, showed an optimistic view about Vietnam’s economy in the context of the US-China trade war. Vietnam, with its political certainties, low production costs and attractive policies for foreign invested enterprises, has emerged as an alternative choice for manufacturers with production bases in China. HSC’s analysts not only can see the optimism of businesses despite the escalation of the trade war, but also the macroeconomic certainties. RELATED NEWS US-China tit-for-tat trade war to create misfortune for Vietnam Are Hong Kong businesses leaving Vietnam to avoid US-China trade war? Chi Nam